CTI BioPharma (NASDAQ:CTIC) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 1st. Analysts expect the company to announce earnings of ($0.20) per share for the quarter.
CTI BioPharma (NASDAQ:CTIC) last announced its quarterly earnings data on Thursday, August 2nd. The biopharmaceutical company reported ($0.20) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.03. The business had revenue of $0.61 million during the quarter, compared to analysts’ expectations of $0.30 million. CTI BioPharma had a negative return on equity of 90.92% and a negative net margin of 313.77%. On average, analysts expect CTI BioPharma to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Shares of NASDAQ:CTIC opened at $1.71 on Wednesday. The firm has a market cap of $102.64 million, a price-to-earnings ratio of -1.38 and a beta of -0.65. CTI BioPharma has a 12-month low of $1.66 and a 12-month high of $5.36. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.28 and a quick ratio of 4.28.
CTIC has been the subject of several recent analyst reports. Cann restated a “buy” rating and issued a $4.00 price target on shares of CTI BioPharma in a research note on Monday, October 1st. Jefferies Financial Group restated a “buy” rating and issued a $4.00 price target on shares of CTI BioPharma in a research note on Friday, July 20th. BidaskClub cut CTI BioPharma from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 14th. JMP Securities set a $8.00 price target on CTI BioPharma and gave the stock a “buy” rating in a research note on Tuesday, July 10th. Finally, Zacks Investment Research upgraded CTI BioPharma from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. CTI BioPharma has an average rating of “Buy” and a consensus target price of $5.67.
About CTI BioPharma
CTI BioPharma Corp., a biopharmaceutical company, focuses on the acquisition, development, and commercialization of novel targeted therapies for blood-related cancers in the United States and internationally. It develops PIXUVRI, a novel aza-anthracenedione for the treatment of adult patients with multiply relapsed or refractory aggressive B-cell non-Hodgkin lymphoma; and pacritinib, an investigational oral kinase inhibitor with specificity for JAK2, FLT3, IRAK1, and CSF1R, which is in Phase III clinical trials for the treatment of adult patients with myelofibrosis.
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